First Marathon posts 42% jump in profit

Article Abstract:

First Marathon Inc has posted a 42% increase in 1998 profit. The huge increase was attributed to the first quarter sale of its derivatives business unit. Its 1998 earnings amounted to $73.1 million, compared to $51.4 million in 1997. Revenues for 1998, however, amounted to $255.6 million, slightly smaller than the $256.2 million for 1997. In line with the profit increase, its annual dividends will be increased from 54 cents to 60 cents.

Sales, profits & dividends, First Marathon Inc.

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Chameleon company gets a media makeover

Article Abstract:

Newfoundland Capital Corp. focused exclusively on the radio business and has purchased two radio and two television stations in Lloydminster for $12.9 millions. It has 61 radio stations across the country and is planning to buy more small-market radio stations and small-market television and outdoor advertising assets.

Acquisitions & mergers, Investment Offices, Investment Funds & Trusts, Mergers, acquisitions and divestments, Company acquisition/merger, Investment companies, Newfoundland Capital Corp.

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